Victor Davis Hanson notes that > California Declares a Fiscal Crisis! You Think?” href=”http://pajamasmedia.com/victordavishanson/california-declares-a-fiscal-crisis-you-think/”>the lights are going out in the state of California–and he paints a remarkably grim forecast going forward.
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But how did the Golden State lose its luster? That’s the subject of this recent article in The American.
Update: At the Corner, Victor dubs the state “the left-wing version of Lehman Brothers“–even though Lehman had far more effective salesmen than some of California’s leading industries.
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